Kura Sushi USA (NASDAQ:KRUS) Price Target Lowered to $59.00 at TD Cowen

Kura Sushi USA (NASDAQ:KRUS) had its target price trimmed by TD Cowen from $79.00 to $59.00 in a research note released on Friday morning,Benzinga reports. The firm currently has a hold rating on the stock.

Other equities research analysts also recently issued research reports about the company. Barclays lowered their price objective on Kura Sushi USA from $75.00 to $67.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 22nd. Wall Street Zen cut Kura Sushi USA from a “hold” rating to a “sell” rating in a report on Saturday, November 1st. Weiss Ratings reiterated a “sell (d-)” rating on shares of Kura Sushi USA in a research report on Wednesday, October 8th. Sanford C. Bernstein set a $67.00 price objective on shares of Kura Sushi USA in a research report on Wednesday, October 22nd. Finally, Benchmark lowered their target price on shares of Kura Sushi USA from $102.00 to $85.00 and set a “buy” rating on the stock in a research note on Monday, October 27th. Four equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $82.13.

Kura Sushi USA Trading Down 11.3%

Shares of KRUS stock traded down $6.19 during trading hours on Friday, reaching $48.54. The stock had a trading volume of 1,080,450 shares, compared to its average volume of 306,249. The stock’s fifty day simple moving average is $66.38 and its 200 day simple moving average is $72.47. The firm has a market capitalization of $586.85 million, a PE ratio of -303.38 and a beta of 1.75. Kura Sushi USA has a 12 month low of $40.03 and a 12 month high of $110.66.

Kura Sushi USA (NASDAQ:KRUS) last posted its earnings results on Monday, March 13th. The company reported ($0.13) earnings per share for the quarter. Kura Sushi USA had a positive return on equity of 0.18% and a negative net margin of 0.67%.The firm had revenue of $29.83 million for the quarter. As a group, equities research analysts anticipate that Kura Sushi USA will post 0.22 EPS for the current fiscal year.

Institutional Trading of Kura Sushi USA

A number of hedge funds have recently bought and sold shares of KRUS. Bank of New York Mellon Corp boosted its stake in Kura Sushi USA by 10.2% in the first quarter. Bank of New York Mellon Corp now owns 15,043 shares of the company’s stock worth $770,000 after buying an additional 1,397 shares in the last quarter. SBI Securities Co. Ltd. boosted its stake in shares of Kura Sushi USA by 25.0% in the 1st quarter. SBI Securities Co. Ltd. now owns 10,352 shares of the company’s stock valued at $530,000 after purchasing an additional 2,071 shares in the last quarter. Jennison Associates LLC grew its holdings in shares of Kura Sushi USA by 26.6% during the 1st quarter. Jennison Associates LLC now owns 6,709 shares of the company’s stock valued at $344,000 after purchasing an additional 1,411 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Kura Sushi USA in the first quarter worth $248,000. Finally, Royce & Associates LP lifted its stake in Kura Sushi USA by 52.2% in the first quarter. Royce & Associates LP now owns 35,009 shares of the company’s stock worth $1,792,000 after purchasing an additional 12,009 shares during the last quarter. Institutional investors own 65.49% of the company’s stock.

Kura Sushi USA Company Profile